Protean eGov Technologies Clarifies Rs 25 Crore Ethiopia Agriculture Work Order Following BSE Query

1 min read | Published on 03 Feb 2026, 11:33 PM |Updated on 03 Feb 2026, 11:33 PM

Reviewed by

Ashish TScanX News Team

Key Highlights

Protean eGov Technologies Limited clarified to BSE regarding its Rs 25 crore Ethiopia Agriculture Ecosystem work order, confirming receipt from International Institute of Information Technology, Bangalore on January 9, 2026, with timely exchange disclosure on January 10, 2026. The company emphasized that recent share price movements are market-driven with no undisclosed price-sensitive information, reaffirming its commitment to regulatory compliance and transparent stakeholder communication.

*this image is generated using AI for illustrative purposes only.

Protean e-gov technologies Limited has responded to a BSE query regarding recent media reports about a Rs 25 crore work order for Ethiopia Agriculture Ecosystem services. The clarification, issued on February 3, 2026, addresses questions raised by the stock exchange following news coverage of the significant contract award.

Order Details and Timeline

The company provided a comprehensive timeline of events surrounding the work order for Digital Public Infrastructure and services for Ethiopia Agriculture Ecosystem:

Parameter:	Details
Order Received:	January 9, 2026
Order Source:	International Institute of Information Technology, Bangalore
Exchange Disclosure:	January 10, 2026
Order Value:	Rs 25 crore
Project Scope:	Digital Public Infrastructure and services for Ethiopia Agriculture Ecosystem

Regulatory Compliance and Disclosure

Protean eGov Technologies emphasized its commitment to timely regulatory disclosures. The company confirmed that pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the information was disseminated to the exchange promptly on January 10, 2026.

The company also clarified that no regulatory or legal proceedings have been initiated in relation to this matter, addressing one of the specific queries raised by BSE.

Share Price Movement Explanation

Regarding recent share price movements, Protean eGov Technologies provided the following clarifications:

Price movements are purely due to market conditions and are market-driven
Management has no control over share price fluctuations
No pending price-sensitive information or announcements could have led to significant price behavior changes
The company ensures stock exchanges are duly informed of all required disclosures under applicable regulations

Corporate Communication

The clarification was signed by Maulesh Kantharia, Company Secretary & Compliance Officer (FCS 9637), and submitted to BSE Limited under reference Protean/Secretarial/2025-26/96. This formal response demonstrates the company's proactive approach to addressing exchange queries and maintaining transparency with stakeholders.

The company reiterated its commitment to ensuring that stock exchanges are duly informed of all information and announcements required to be disclosed under applicable regulations, as and when required.

Historical Stock Returns for Protean e-Gov Technologies